JPMorgan Chase Profit Jumps

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JPMorgan Chase & Co., the No. 3 U.S bank, on Wednesday said quarterly earnings rose 78 percent, helped by strong trading across all markets.


JPMorgan reported third-quarter net income of $2.53 billion (71 cents per diluted share), compared with $1.42 billion (39 cents) a year earlier. Net revenue rose 15 percent to $15.55 billion. Analysts had expected the bank to earn 72 cents a share.


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